Image Credit: Proparco Venture Capital Nairobi-Based EV and Battery-as-a-Service Pioneer ARC Ride Secures $33.3 Million in Combined Equity and Debt Financing Kenyan electric mobility leader ARC Ride has closed a massive $33.3 million funding round backed by a consortium of top-tier venture capital firms and international development finance institutions to scale its pan-African operations. By Newsroom Team • 2 months ago
Ugandan Dairy Processor Mujuni Ventures Secures Strategic Funding from Oxano Capital to Scale Production and Cold-Chain Infrastructure Kampala-based Mujuni Ventures has closed a milestone investment from Netherlands-based Oxano Capital, unlocking capital to expand its processing footprint, upgrade supply chain logistics, and deepen smallholder sourcing across East Africa.
Sep 8, 2026 Nairobi-Based EV and Battery-as-a-Service Pioneer ARC Ride Secures $33.3 Million in Combined Equity and Debt Financing Kenyan electric mobility leader ARC Ride has closed a massive $33.3 million funding round backed by a consortium of top-tier venture capital firms and international development finance institutions to scale its pan-African operations. Image Credit: Proparco
Sep 8, 2026 Ugandan Dairy Processor Mujuni Ventures Secures Strategic Funding from Oxano Capital to Scale Production and Cold-Chain Infrastructure Kampala-based Mujuni Ventures has closed a milestone investment from Netherlands-based Oxano Capital, unlocking capital to expand its processing footprint, upgrade supply chain logistics, and deepen smallholder sourcing across East Africa. Image Credit: Africa Investor Review
Sep 8, 2026 Capitalworks Secures $15 Million from Proparco for Fourth Flagship Fund to Back South African Mid-Market South African private equity heavyweight Capitalworks has secured a $15 million commitment from Proparco to drive mid-market expansion, strengthen ESG standards, and catalyze employment across the region. Image Credit: Proparco
Sep 8, 2026 Dangote Petroleum & Petrochemicals Enlists 24-Bank Syndicate to Drive Historic $1.6 Billion IPO A powerhouse consortium of regional and international financial heavyweights has been officially assembled to manage the milestone public offering of the 650,000 barrels-per-day refining giant. Image Credit: Dangote Refinery
Sep 5, 2026 Moroccan Water Infrastructure Leader SNCE Welcomes CDG Invest Growth and Mediterrania Capital Partners as Minority Shareholders The historic hydraulic engineering firm is bringing in institutional investors to accelerate regional expansion across Africa and the Middle East while keeping the founding Laraqui family at the helm. Image Credit: SNCE
Sep 5, 2026 Ghanaian Fintech Seevcash Secures $333,000 in Stellar Community Fund Grants to Expand Diaspora Remittances The blockchain-powered fintech platform is expanding its digital wallet infrastructure, deepening its MoneyGram integration, and scaling the adoption of its physical Visa cards across African diaspora corridors. Image Credit: Seevcash
Sep 4, 2026 AHL Venture Partners Hits $45.5 Million Second Close for Africa Credit Fund I Following $15 Million Commitment The pan-African debt fund has advanced toward its $70 million target, backed by Ceniarth and co-investors, to scale senior secured and mezzanine lending across high-impact sectors. Image Credit: AHL Venture Partners
Sep 4, 2026 Dislog Medical Devices Prepares Landmark Public Offering on the AMMC Under Moncef Belkhayat's Leadership The specialized health-tech subsidiary of Morocco's Dislog Group is gearing up for a major capital market debut under the guidance of Chairman and CEO Moncef Belkhayat. Moncef Belkhayat, then Moroccan minister for youth and sport in Monaco, on 2 December 2010. © Scott Heavey/Getty Images via AFP
Sep 3, 2026 Nigerian Church-Tech Startup Pewbeam Secures Investment from Resilience17 to Advance AI Live-Service Platform Pewbeam startup is scaling its real-time AI desktop application designed to automate slide projection, scripture display, and media workflows for physical sanctuaries. Image Credit: Pewbeam
Sep 3, 2026 Mauritius-Based AI Boutique Spoon Consulting Secures Minority Equity Investment from AfricInvest Small Cap Fund The specialized digital transformation consultancy has brought in AfricInvest to scale its proprietary AI architectures and accelerate expansion across Africa and Europe. Image Credit: AfricInvest
Sep 3, 2026 African Fintech Nomba Secures $3 Million Debt Facility via CardinalStone to Scale Africa-Asia Payment Infrastructure The B2B financial services provider is leveraging new debt capital to boost U.S. dollar liquidity through Hong Kong and Singapore, positioning its Democratic Republic of Congo hub for faster trade settlement. Image Credit: Nomba